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California and Big Oil are splitting after
century-long affair

Original Article

Posted By: NorthernDog, 1/29/2024 8:43:41 PM

It is the end of an era for Big Oil in California, as the most populous U.S. state divorces itself from fossil fuels in its fight against climate change. California's oil output a century ago amounted to it being the fourth-largest crude producer in the U.S., and spawned hundreds of oil drillers, including some of the largest still in existence. Oil led to its car culture of iconic highways, drive-in theaters, banks and restaurants that endures today. On Friday, however, the marriage will officially end. The two largest U.S. oil producers, Exxon Mobil (XOM.N), opens new tab and Chevron (CVX.N)

Comments:

Can't wait to see 39 million people dependent on windmills and solar panels.

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Reply 1 - Posted by: red1066 1/29/2024 8:51:27 PM (No. 1647164)
I'm going to invest in flashlight and candle stock.
7 people like this.

Reply 2 - Posted by: Ida Lou Pino 1/29/2024 9:39:44 PM (No. 1647185)
Norma Desmond - - "Pumping - - pumping - - pumping" Exxon & Chevron - - "Leaving - - leaving - - leaving"
5 people like this.

Reply 3 - Posted by: Birddog 1/29/2024 11:42:50 PM (No. 1647206)
If it were Me....I'd shut it ALL down, the drilling, the pipelines, the refineries, the plastics plants, the fertilizer plants...and then close every gas station. Give every single Calif property tax paying sq ft to indian tribes where it was permanently OFF the Tax Rolls, and take the MASSIVE Tax write offs that come from giving it all to the Natives, not pay another dime of other taxes for decades. Float what Calif then pays to "Market Pricing" totally separate from sales to any other state or Nation, or not sell "Them" anything, make them buy it all from 3rd party middlemen....including all of the Natgas they use to make electricity... Except ONE Gas well, take off the BOP...Light it on Fire, and leave it there. Call it Wyatts Candle.
12 people like this.

Reply 4 - Posted by: Trigger2 1/30/2024 2:18:56 AM (No. 1647246)
How long before CA goes dark? Leave before you can't.
5 people like this.

Reply 5 - Posted by: Bur Oak 1/30/2024 7:41:02 AM (No. 1647345)
California should also ban the importation of all oil and gas into the state. They won't, as it would cripple the state. The California elite are a bunch of virtue signaling NIMBYs.
6 people like this.

Reply 6 - Posted by: rikkitikki 1/30/2024 8:16:26 AM (No. 1647364)
Maybe investing in conventional power generation in states adjoining CA, such as NV and AZ will pay off, because when brown-outs in CA go truly black, its snowflake navel-gazers will pay anything to get their electricity back on...but their broken logic compass won't allow them to address the root problem.
6 people like this.

Reply 7 - Posted by: snowoutlaw 1/30/2024 8:31:27 AM (No. 1647373)
Mean while gas is still around $4.75/gal here.
2 people like this.

Reply 8 - Posted by: Pnstrpilot 1/30/2024 8:52:20 AM (No. 1647382)
Nearly 7 decades ago I was born in California. My heart is still with that republic...that said, I am ashamed of what it has become over the last few decades. How do I change my birth certificate to a more sane State such as Texas or Florida?
2 people like this.

Reply 9 - Posted by: MickTurn 1/30/2024 9:51:11 AM (No. 1647411)
If I was running 'Big Oil' I'd delete Californication from my delivery list, PERIOD!
2 people like this.

Reply 10 - Posted by: Kate318 1/30/2024 11:06:00 AM (No. 1647483)
Another suicidal decision by the left. If it just eliminated them, that would be no problem. But, they take down so many innocent bystanders with them.
5 people like this.

Reply 11 - Posted by: DVC 1/30/2024 11:28:53 AM (No. 1647510)
This will be fun to watch from a distance. It's going to be a HARD fall when their magical "green" energy fails massively.
3 people like this.

Reply 12 - Posted by: DVC 1/30/2024 11:31:23 AM (No. 1647512)
I've run into neighborhoods in the LA area where the whole neighborhood, thousands of homes were built right next to giang oil pumping rigs, just nodding along, surrounded with nice, 1950s and 60s homes in a nice neighborhood. Hundreds of pumps, one every block. How can those people not know that oil extraction is safe? They see it every day with their own eyes.
3 people like this.

Reply 13 - Posted by: DVC 1/30/2024 11:35:26 AM (No. 1647514)
Anyone ever drive through Lost Hills, California? The densest field of oil pumps I have seen anywhere. https://c8.alamy.com/comp/DW7CNJ/the-lost-hills-oil-field-in-kern-county-california-DW7CNJ.jpg
1 person likes this.

Reply 14 - Posted by: Robert Jones 1/30/2024 12:46:05 PM (No. 1647557)
Great. More oil for the rest of us.
1 person likes this.

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